What're you talking about, this is great. They are cutting managerial jobs, the engineers are still in place. Once in a while you need to streamline your upper tier because that bureaucracy is what hurts the engineers below.

Yes, just as with any company, you have to plan for the future. The chips in our phones are old business. This is a tech company which relies on new innovation and new products. Remember the term that basically says as soon as a tech product hits the market it is obsolete?

The answer to this seems obvious to me - next year, Qualcomm will have to count out Samsung as a customer of their high end chips due to switch to Exynos processors for the Galaxy S5 and Note 3.
Also, Tegra 5 should have far more impact and customers than Tegra 4.

This year was a blockbuster and hardly repeatable period for Qualcomm because they had basically no competition.
2014 will see a bit different story and Qualcomm is aware of that

Qualcomm owned 2013 in the high end mobile space.
But everyone will start making their own SOC in the coming years.
Apple has A series, Samsung has Exynos, LG has rumored Odin.
HTC has always used Qualcomm but their business is small compared to the others.

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